Should I apply for a personal loan to clear high interest rate credit card?

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  • 20aday
    20aday Posts: 2,610 Forumite
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    I will say with Capital One you might not be able to balance transfer up to 95% of your limit.

    I did the same last year and could only move around 50% of the balance from another card.
    It's not your credit score that counts, it's your credit history. Any replies are my own personal opinion and not a representation of my employer.
  • MallyGirl
    MallyGirl Posts: 6,626 Senior Ambassador
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    even that would help though so still worth doing. Just don't spend the other 50% in that instance unless it is 0% on purchases.


    I guess, if the standard rate is lower than the Vanquis you could spend on it whilst paying more to the vanquis with the liberated cash but it will be slow
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  • DCFC79
    DCFC79 Posts: 40,598 Forumite
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    Mapbroke wrote: »
    Thanks - I don't think I would be accepted for this card though, it says for people with excellent credit rating and mine is poor at the moment.

    Well luckily lenders dont see the credit ratings, they see your history.

    Only you/ us as the customer can see the rating.
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